EU Banking Union: Sound in theory, difficult in practice

In June 2012, the EU heads of state and governments pursued a so-called Banking Union as part of the effort to stabilise the euro-area and to strengthen the cohesion of the European Union. As very necessary elements for a genuine economic and monetary union Banking Union is now part of the four frameworks – an integrated financial framework, an integrated budgetary framework, an integrated economic policy framework, and a framework for better democratic legitimacy and accountability.

• Primary Source

ESO: Background information: European Banking Authority http://www.europeansources.info/record/website-european-banking-authority-eba/

ESO: Background Information: EU Banking Union: Sound in theory, difficult in practice http://www.europeansources.info/record/website-european-payments-council-epc/

ESO: Background Information: Press Release: Bank supervision: Council confirms agreement with EP http://www.europeansources.info/record/press-release-bank-supervision-council-confirms-agreement-with-ep/

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